TVS Supply Chain profit surges 652% in Q1

TVS Supply Chain Solutions reported profit before tax of INR 103.5 Cr in Q1 FY26, a 652% increase from the previous year, partly due to a INR 177.2 Cr share of profit from TVS ILP.

Revenue rose 2.1% to INR 2,592.3 Cr with adjusted EBITDA of INR 173.3 Cr at a 6.7% margin.

The company is implementing "Project One," integrating operations in the UK and Europe, expected to deliver annualized savings of INR 110-120 Cr. Its strategic investment in TVS ILP transferred approximately 11 million sq. ft. into an InvIT structure.